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Schumer says he can block Trump's efforts to repeal Dodd-Frank

As a candidate, Trump said he would scrap Dodd-Frank, Congresss attempt to legislate new rules that would prevent a repeat of the 2008 financial crisis.

By Anders Melin | Updated on November 21, 2016

Incoming Senate Minority Leader Chuck Schumer, drawing a line in the sand for the next administration, said he has the votes to stop President-elect Donald Trump from repealing the Dodd-Frank Act and “the rules we put in place to limit Wall Street.”

Schumer predicted that the Senate’s Democratic minority would get help from Republicans in any such fight. “We have 60 votes to block him,” Schumer said in an interview on NBC’s “Meet the Press.”

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